Trane Technologies plc (NYSE:TT) Given Consensus Rating of “Hold” by Analysts

Trane Technologies plc (NYSE:TT) has received a consensus rating of “Hold” from the fifteen analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $420.64.

TT has been the subject of several recent analyst reports. Barclays boosted their price objective on Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Citigroup cut their target price on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada raised their price target on Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a research report on Friday, January 3rd. Finally, Robert W. Baird reduced their price objective on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st.

Insider Activity at Trane Technologies

In other news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total value of $1,800,864.00. Following the sale, the senior vice president now directly owns 12,893 shares in the company, valued at approximately $5,363,488. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Trane Technologies

A number of institutional investors have recently bought and sold shares of the stock. Global Wealth Strategies & Associates purchased a new position in Trane Technologies during the fourth quarter valued at $26,000. MidAtlantic Capital Management Inc. purchased a new position in Trane Technologies during the 3rd quarter valued at about $27,000. DT Investment Partners LLC bought a new stake in Trane Technologies during the third quarter worth about $36,000. Sound Income Strategies LLC grew its holdings in Trane Technologies by 1,314.3% in the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock worth $37,000 after purchasing an additional 92 shares during the period. Finally, Quarry LP purchased a new stake in Trane Technologies in the second quarter worth about $39,000. 82.97% of the stock is owned by institutional investors.

Trane Technologies Price Performance

TT stock opened at $397.02 on Wednesday. The firm has a 50 day moving average of $395.28 and a 200-day moving average of $374.22. The firm has a market capitalization of $89.34 billion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. Trane Technologies has a 12 month low of $249.21 and a 12 month high of $422.00. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.23 by $0.14. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period last year, the firm earned $2.79 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts predict that Trane Technologies will post 11.15 earnings per share for the current fiscal year.

Trane Technologies Company Profile

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.